Business Segment Information

9 Months Ended

Aug. 26, 2012

Segment Reporting [Abstract]

BUSINESS SEGMENT INFORMATION

BUSINESS SEGMENT INFORMATION

The Company manages its business according to three regional segments, the Americas, Europe and Asia Pacific. The Company considers its chief executive officer to be the Company’s chief operating decision maker. The Company’s management, including the chief operating decision maker, manages business operations, evaluates performance and allocates resources based on the regional segments’ net revenues and operating income.

Business segment information for the Company is as follows:

	Three Months Ended						Nine Months Ended
	August 26, 2012			August 28, 2011			August 26, 2012			August 28, 2011
	(Dollars in thousands)
Net revenues:
Americas	$	679,098		$	717,586		$	1,931,561		$	1,908,846
Europe	265,922			275,127			809,271			867,839
Asia Pacific	155,836			211,304			572,142			640,947
Total net revenues	$	1,100,856		$	1,204,017		$	3,312,974		$	3,417,632
Operating income:
Americas	$	136,509		$	111,485		$	287,470		$	269,118
Europe	48,152			31,316			129,781			140,129
Asia Pacific	(4,719		)	26,450			55,193			89,242
Regional operating income	179,942			169,251			472,444			498,489
Corporate expenses(1)	93,155			88,352			229,816			253,740
Total operating income	86,787			80,899			242,628			244,749
Interest expense	(32,160		)	(30,208		)	(103,144		)	(98,589		)
Loss on early extinguishment of debt	—			—			(8,206		)	—
Other income (expense), net	(5,747		)	(5,779		)	6,122			(12,744		)
Income before income taxes	$	48,880		$	44,912		$	137,400		$	133,416

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(1) Included in corporate expenses for the three- and nine-month periods ended August 26, 2012, is a $18.8 million impairment charge related to the Company's decision in the third quarter to outsource distribution in Japan to a third-party and close its owned distribution center in that country.